IVZ Share Price, page-18137

@Glish

Most of us have lost it at some point, I’ve had a good go myself. It’s been a frustrating ride at times but I’m trying to take a more “zoomed out” approach.

While CR’s have been generous and Scott has copped a lot of heat for it, it’s important to remember PAC and co have weaved their magic in the background and had him over a barrel, he also has team/board members around him involved in these decisions. We didn’t have many other options and the terms for farm-in were far more dilutive ie. Cluff deal. While going down the insto/soph funding path has been dilutive, a small company drilling in a frontier basin doesn’t have many options and the positive is we’ve retained our full % and now completed two very successful exploration wells with a flow test on the horizon.

The data that has been acquired is incredibly valuable IP given the running room that has been opened up now and the constant prodding for Scott to release this data to the public, so that every hobbyist geo and their dog can run their own numbers is perplexing to say the least.

While we’ll need to raise funds for flow testing and 3D, the value add to the company, our investment, will be tenfold. It isn’t going to be a large raise compared to what we’ve had in the past and therefore I don’t see PAC and co getting much of a go at it, if at all. We could see a mix of SPP/RI, Insto, Cornerstone, GOA, farm-in/JV.

We now have….
• 2 successful wells and discoveries of significant volumes of gas/condensate….with large net pay and CGR upside on lab analysis.
• A future flow test that will include the deeper/over pressured LA.
• Planning for 3D seismic to hone in on the sweet spots.
• World class contractors Exalo and Polaris sticking around, along with SLB/BH fine tuning the well testing methods of our geology. The team is putting the puzzle pieces together and the difference between MK1-MK2 is night and day. This can only further improve.
• Basin position larger than the entire PB and valued at less than 5% comparatively.

Yesterdays webinar is now on YouTube and I recommend every genuine shareholder watches it a couple more times over the weekend as there’s a lot of extra bits to pick up on. I reckon we all get around Scott and let him know he has our full support, he’s put a mountain of work into this and he’s done his absolute best to point everyone in the right direction. Before we start the CR and PR finger pointing take a moment to remember the guy is only human (I know right, hard to believe) and it’s easy to give advice from the cheap seats. He’s done an incredible job to date and we’re bloody lucky to have him running the show.